Planned
Giving
Throughout the years, many of those
who care deeply about St. Paul’s have expressed their love of this great
church, and their gratitude to God by including St. Paul’s
in their long-term financial planning. We hope you will
recognize the importance of providing future support for
the ministries and programs of St. Paul’s Church.
There are many ways to include St. Paul’s in your financial plans— Among
them are Bequests, Charitable Gift Annuities, and Gifts of Life Insurance. It
is important to talk with your family and a financial adviser or an estate attorney
before making a decision about including a gift to St. Paul’s Church in
your will or financial plans.
All gifts to St. Paul’s Church are appreciated. Unrestricted bequests,
however, provide the St. Paul’s with the flexibility to meet whatever needs
are most urgent at the time of the gift.
Caroline French Society
The Caroline French Society was formed in 2006 as a way
to recognize our members and friends who have included
St. Paul’s Church in their estate plans. It was
created to commemorate Caroline L. W. French, of
Boston. Miss French was one of those lured to
Nantucket, in the 1880’s and 1890’s, to spend
the season “where summer is five Septembers long!” Her
island philanthropies were many, and she recognized that
the tired, small wooden church on Fair St. would not
be adequate to serve the community as it moved into the
20th century. A life-long Episcopalian, she approached
the vestry of St. Paul’s and offered to build a
new, and more substantial church to be a memorial to
her father, Jonathan French, “an old-time merchant
of Boston”. Her remarkable gift to St. Paul’s
is the special building in which we worship today!
Bequests
If you'd like to include a bequest to St. Paul’s
in your will or testamentary trust, you have two options:
1. Making a gift of a specific amount of money.
2. Designating a percentage of the residuary of your estate,
after your family and other loved ones have been provided
for.
To bequeath a specific sum, your will might include language
such as:
"I give and bequeath to the Rector, Church Wardens and Vestry of St.
Paul’s Church in Nantucket the sum of $_______."
If you decide to make a gift of a portion or percentage
of your estate, your will might include wording such as:
"I give, devise and bequeath to the Rector, Church Wardens and Vestry
St. Paul’s Church in Nantucket ___% of the rest, residue and remainder
of my estate."
Although most gifts are in the form of cash or marketable
securities, bequests of tangible assets such as residential
real estate are also welcome, subject to the gift acceptance
policies of St. Paul’s Church.
Charitable Gift Annuities
Through the Episcopal Church Foundation, an independent
lay organization founded in 1949 to offer programs for
the clergy and laity of the Episcopal Church, St. Paul’s
now offers a charitable gift annuity program for annuitants
age 65 or older.
A charitable gift annuity is both a charitable gift,
with certain tax benefits, and an annuity, which provides
annual income. It is a wonderful way to make a gift to
St. Paul’s,
and to provide income for yourself or for someone you love.
An initial contribution of at least $10,000 is required
to open an account; subsequent gifts to benefit the same
annuitant may be made in increments of $5,000.
At the time the contract is signed, the annuity amount
is fixed and will not change, regardless of the conditions
of financial markets.
Annuities may be written on the lives of one or two annuitants
and payment may be deferred or begin within the year of
purchase.
Gifts of Life Insurance
There are several ways to benefit St. Paul’s through
gifts of life insurance. They include:
1) Naming St. Paul’s as the beneficiary, in whole
or in part, of an existing policy, or naming the church
as a contingent beneficiary.
2) Cashing in a policy that is no longer needed and donating
all or part of the cash value to St. Paul’s.
If you are interested in becoming a member
of the Caroline French Society, please contact the Parish
Office.
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